Revisiting the Nets 2010 Salary Cap Plan
Posted: Wed Feb 4, 2009 1:45 am
The current season's salary cap is 58.68 million. In recent history the cap has increased by about 3 million per year. Normally, this would set the 2010-11 cap between 64 and 65 million. The maximum contract offer for a player that has been in the league 7 years(Lebron, Bosh, Wade, Amare and others) is 30% of the salary cap. So if the cap is 64 mil then the max is 19.2 mil and the Nets would need to have no more on the cap than 44.8.
There has been talk recently however that the salary cap is likely to stay at about the same level or perhaps even decrease. Should the cap level off at about 59 million come 2010-11, the max will be at 17.7 mil and the Nets would need to have no more on the cap than 41.3 mil.
With Carter, Harris, Dooling, Najera, Yi, Lopez, Swill, Anderson, Boone, CDR on the books the Nets would have 10 players accounting for about 50 million in 2010-11. Renouncing Boone is extremely likely and this would bring the Nets to 9 players for 44.5 mil.
The Nets also have 3 first rounders before the target free agency starts. Assuming they use each one in their rebuilding effort that should tack on another 6 or 7 million and 3 players. So without any unexpected changes to the roster the Nets will be at 50-51 million and 12 players.
The Nets need to shave off 10 million dollars to be sure they are players in the 2010-11 free agency. There are a few easy ways to do this such as not picking up Sean Williams option worth 2.5 mil that year, but the simple fact is that there needs to be a few trades (or one big one) made.
After running through these numbers a Carter trade looks much more likely and the Najera signing looks even worse. The sooner the Nets make a move to get the space, the less it will cost them.
There has been talk recently however that the salary cap is likely to stay at about the same level or perhaps even decrease. Should the cap level off at about 59 million come 2010-11, the max will be at 17.7 mil and the Nets would need to have no more on the cap than 41.3 mil.
With Carter, Harris, Dooling, Najera, Yi, Lopez, Swill, Anderson, Boone, CDR on the books the Nets would have 10 players accounting for about 50 million in 2010-11. Renouncing Boone is extremely likely and this would bring the Nets to 9 players for 44.5 mil.
The Nets also have 3 first rounders before the target free agency starts. Assuming they use each one in their rebuilding effort that should tack on another 6 or 7 million and 3 players. So without any unexpected changes to the roster the Nets will be at 50-51 million and 12 players.
The Nets need to shave off 10 million dollars to be sure they are players in the 2010-11 free agency. There are a few easy ways to do this such as not picking up Sean Williams option worth 2.5 mil that year, but the simple fact is that there needs to be a few trades (or one big one) made.
After running through these numbers a Carter trade looks much more likely and the Najera signing looks even worse. The sooner the Nets make a move to get the space, the less it will cost them.